Alimentation Couche-Tard Inc. (TSE:ATD) Declares Dividend Increase – $0.14 Per Share

Alimentation Couche-Tard Inc. (TSE:ATDGet Rating) declared a quarterly dividend on Tuesday, November 22nd, Zacks reports. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.14 per share on Thursday, December 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.11.

Alimentation Couche-Tard Trading Down 1.1 %

Shares of ATD traded down C$0.67 during mid-day trading on Thursday, reaching C$59.43. The company had a trading volume of 151,155 shares, compared to its average volume of 1,643,226. The stock has a market cap of C$60.74 billion and a price-to-earnings ratio of 17.03. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 75.37. The firm has a fifty day simple moving average of C$58.98 and a 200-day simple moving average of C$56.99. Alimentation Couche-Tard has a fifty-two week low of C$45.23 and a fifty-two week high of C$63.48.

Alimentation Couche-Tard (TSE:ATDGet Rating) last posted its quarterly earnings results on Tuesday, August 30th. The company reported C$1.09 EPS for the quarter, beating the consensus estimate of C$0.91 by C$0.18. The business had revenue of C$24.01 billion during the quarter, compared to analysts’ expectations of C$22.07 billion. On average, sell-side analysts anticipate that Alimentation Couche-Tard will post 3.8399997 EPS for the current fiscal year.

Analysts Set New Price Targets

ATD has been the subject of several research analyst reports. CIBC boosted their price objective on Alimentation Couche-Tard from C$69.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Royal Bank of Canada upped their price target on shares of Alimentation Couche-Tard from C$79.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 15th. TD Securities boosted their target price on shares of Alimentation Couche-Tard from C$67.00 to C$69.00 and gave the company a “buy” rating in a research note on Thursday, September 1st. Scotiabank upped their price target on Alimentation Couche-Tard from C$66.00 to C$68.50 in a report on Wednesday, November 16th. Finally, National Bank Financial upgraded Alimentation Couche-Tard from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, August 31st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$67.54.

Alimentation Couche-Tard Company Profile

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Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

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Dividend History for Alimentation Couche-Tard (TSE:ATD)

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